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    9960 Watson Rd St St. Louis, MO 63126

    • Retail properties
    • 12,414 SF
    • 2.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 9960 Watson Rd St

    Lot size
    2.03 lot acres
    Property size
    12,414 SF
    Property type
    Retail properties
    Property subtype
    Auto shops

    Description

    This exceptional free-standing automotive repair facility, located at 9960 Watson Road in St. Louis, Missouri, presents a significant investment opportunity. The property boasts a substantial 12,414 square feet of space situated on a generous 2.03-acre lot. The building currently features an eight-bay configuration, offering ample room for various automotive services. However, the existing layout allows for the potential creation of additional bays, providing flexibility for expansion and customization to suit a wide range of automotive businesses. Its strategic location offers excellent visibility and accessibility, benefiting from high traffic volume on Watson Road, which sees 18,108 vehicles per day. Furthermore, the property enjoys close proximity to a Dierbergs-anchored shopping center and a Bass Pro Shop, ensuring high foot traffic and a strong customer base. The zip code is 63126, and the property is zoned for retail use. This property is being offered for sale and represents a rare chance to acquire a well-positioned, sizable auto shop in a thriving St. Louis commercial area. The building's size and layout provide significant potential for growth and adaptation to meet the needs of a diverse range of automotive-related businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.3962
    Latitude
    38.5557

    Comparable in this City

    • Value Estimation
      $325,000
      3,650 SF

      9965 Watson Rd

      AUTO REPAIR, GARAGE • 3,650 SF
      9965 Watson Rd, Saint Louis, MO 63126-1826
      View Details
    • Value Estimation
      $1,340,000
      14,570 SF

      9415 Watson Rd

      AUTO REPAIR, GARAGE • 14,570 SF
      9415 Watson Rd, Saint Louis, MO 63126-1513
      View Details
    • Value Estimation
      $595,000
      4,744 SF

      11405 Gravois Rd

      AUTO REPAIR, GARAGE • 4,744 SF
      11405 Gravois Rd, Saint Louis, MO 63126-3609
      View Details
    • Value Estimation
      $340,000
      2,496 SF

      11617 Gravois Rd

      AUTO REPAIR, GARAGE • 2,496 SF
      11617 Gravois Rd, Saint Louis, MO 63126-3013
      View Details
    • Value Estimation
      $325,000
      4,448 SF

      9044 Watson Rd

      AUTO REPAIR, GARAGE • 4,448 SF
      9044 Watson Rd, Saint Louis, MO 63126-2234
      View Details
    • Value Estimation
      $1,965,000
      5,500 SF

      11355 Gravois Rd

      AUTO REPAIR, GARAGE • 5,500 SF
      11355 Gravois Rd, Saint Louis, MO 63126-3623
      View Details

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    St. Louis, MO 63126
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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